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23 Red Oak Lane Palm Coast, FL 32164

4 Beds 2 Baths 1,617 sqft Built 2021

$234,900

List Price

$1,745

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

90% chance this property will be sold within the next 20 days HOT INVESTMENT
Built 2021 NEW CONSTRUCTION
January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $145.27
  • 5 Days on Market
  • MLS # : No MLS Number
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,617 sqft
  • Baths : 2 full
Listing Agent

Tobin

Listing Agent's Description

Estimated completion date May-Aug 2021

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PRICE & RENT TRENDS

Neighborhood: Lehigh Woods

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $60k252k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Lehigh Woods

NeighborhoodNIR Market*CityMarket2015Year20092019 Q21100115012001250130013501400145015001550Rent in $10591569

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Rymfire Elementary School Primary Regular 1,175 80 5
Rymfire Elementary School Middle Regular 1,175 80 5
Flagler-palm Coast High School High Regular 2,421 110 5

Rymfire Elementary School

  • Education Level: Primary
  • # of students: 1,175
  • # of teachers: 80
5
GreatSchools Rating

Rymfire Elementary School

  • Education Level: Middle
  • # of students: 1,175
  • # of teachers: 80
5
GreatSchools Rating

Flagler-palm Coast High School

  • Education Level: High
  • # of students: 2,421
  • # of teachers: 110
5
GreatSchools Rating
 

$211,410$258,390$234,900

PURCHASE PRICE

$1,571$1,920$1,745

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,745
EXPENSES Loan Payment -$816
Property Tax -$317
Property Insurance -$37
Property Management Fees -$157
CASH FLOW
$418

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 6% of earned rent to cover both maintenance and periods of vacancy.

$234,900

PROJECTED PRICE

$1,745

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.71%
Appreciation Year (1-5) 8.4%
Maintenance Year (1-5) 3.00%
Vacancy 3.48%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,249

INVESTMENT

$62,249

Down Payment
$58,725
Rehab Estimate
$0
Closing Costs
$3,524

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$816

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,725
Loan Amount $176,175
See What Happens When You Reinvest Cash Flow

13.58

YEARS SAVED

$53,821

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

Solutions Manager

YOUR SOLUTIONS MANAGER

Please Contact Your Solutions Manager

To review the detailed price and rent comps for this property and answer any questions you may have.

PROPERTY LISTING DETAILS
Mynd
Tobin
BESbswy